Behavioral Economics

Moving Forward
Softcover Nachdruck of the original 1. Auflage 2018
ISBN: 978-3-030-09170-5
Verlag: Springer International Publishing

Buch, Englisch, 234 Seiten, Previously published in hardcover, Format (B × H): 148 mm x 210 mm, Gewicht: 326 g

This book sets the agenda to turn behavioral economics, which has long been considered a subordinate discipline, into mainstream economics. Ghisellini and Chang expose the conceptual and empirical inadequacy of conventional economics using illustrations of real world decision-making in a dynamic environment, including evidence from the global financial crisis. With a rigorous yet accessible style, they give a comprehensive overview of behavioral economics and of the current state of play in the field across different schools of thought. Seven major conceptual problems still affecting the development of behavioral economics are identified and the authors propose research avenues to address these issues and allow the discipline to receive its long-awaited recognition.

Crucial reading for researchers and students looking for insights into the many unsolved problems of economics.

Zielgruppe

Research

Autoren/Hrsg.

Chang, Beryl Y.

Ghisellini, Fabrizio

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Verhaltensökonomik
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie

Inhaltsverzeichnis

Part I: How did we get here?.- Chapter 1: Introduction to Part I.- Chapter 2: Does conventional economics fit reality?.- Chapter 3: The behavioral alternative.- Part II: moving forward: seven businesses to finish.- Chapter 4: Introduction to Part II.- Chapter 5: How many real biases are there?.- Chapter 6: How do people form expectations in the real world?. Chapter 7: Time and preferences.- Chapter 8: Rationality: An inferiority complex?.- Chapter 9: The problem with behavioral finance.- Chapter 10: Should biased nudgers nudge us?.- Chapter 11: What we talk about when we talk about behavioral economics.

Über Autor(innen)

Fabrizio Ghisellini is a member of the Advisory Board of the Center for Monetary and Financial Studies of LUISS University, Rome, Italy, and was previously Director for Financial Operations at the Ministry of the Economy and Finance, Italy. He runs courses in behavioral economics in various Italian universities and is the author of many books, exploring areas such as behavioral factors affecting household investment choices.
Beryl Y. Chang is Professor of Economics at New York University, USA, and served as an economist for risk performance of large credit and investment portfolios with major banks in the United States and as a consultant for international institutions. She has given a seminar course in behavioral economics and finance at Columbia University, USA, and is a published author and referee for numerous journals in areas of applied micro and macroeconomics, interdisciplinary/behavioral economics, international and financial economics, industrial organization, and risk management. Chang is also a concert violinist.